History And Overview Of The Textile Industry In Pakistan

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Table of Contents 1. Overview of the Textile Industry: 3 2. Research Study Purpose & Methodology: 4 3. Literature Review: 5 4. Introduction of Textile Industry in Pakistan: 5 4.1. Cotton Production: 6 4.2. Spinning: 7 4.3. Weaving: 8 4.4. Textile Made-up: 9 4.4.1. Hosiery Industry: 9 4.4.2. Readymade Garment Industry: 9 4.4.3. Towel Industry: 9 4.4.4. Canvas: 9 5. Impact on the Economy: 9 6. Decline in the Textile Industry Growth: 10 6.1. Increase in EFS (Export Finance Scheme): 10 6.2. Energy Crises: 10 6.3. Increase Cost of Production: 11 6.4. Increase in Minimum Wage: 11 6.5. International Competition: 11 6.6. Lack of Research & development (R&D): 11 6.7. Lack of new investment: 11 6.8. Miscellaneous Problems: 11 7. Recommendations: 12 7.1. Revision …show more content…

Increase in Minimum Wage: The minimum wage of labor was Rs.7000 2 years back but now it increase to Rs.8000 which increases the fixed cost of the textile finished product. Because of rise in the prices of the Pakistani textile product, the customers are switching to China, India and Bangladesh which gives low prices. 6.5. International Competition: The major competitors of Pakistan are Bangladesh, India and China which don’t have such issues like Pakistan have. Pakistan slowly losing its market shares to the competitors. The recession also decreases the overall demand of Textile products. In order to compete in the international market, Pakistan cut down some of their cost which also comes with the decrease in quality. Pakistan in lagging behind its competitors and that is the huge threat to the Textile Industry of Pakistan. 6.6. Lack of Research & development (R&D): The agricultural land of Pakistan is use for multiple crops like wheat, rice, sugarcane, vegetables, cotton, etc. That gives impure and low quality cotton. There is very low research & development (R&D) in the cotton sector. Because of the low profitability in cotton crops, farmers are shifting to other cash crops, such as sugar cane. 6.7. Lack of new

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